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The Corporate Transparency Act (CTA) aims to curb illicit activities like money laundering and terrorism financing. As a business owner, it's crucial to understand and comply with the CTA. Understanding the Corporate Transparency Act The CTA requires companies to...
Starting a new business involves many decisions. One of the most important choices is the structure of your business. Different structures have different tax implications. Understanding these can help small business owners make informed decisions and avoid surprises...
Guardianship in Oklahoma can be necessary for ensuring the well-being of an incapacitated adult spouse. Understanding when and why to pursue guardianship can help you make informed decisions about the care of your loved one. Identifying the need for guardianship...
Business succession planning is crucial for Oklahoma entrepreneurs. It helps secure the future of their companies after they step down. This approach uses simple steps to transfer ownership when someone retires, dies, or leaves for other reasons. Importance of...
When developing a care plan for someone with special needs or a disability, caregivers often establish a Special Needs Trust (SNT) to manage financial resources for a beneficiary. Through proper planning, caregivers ensure continued care and eligibility for government...
Starting a business with one or more partners can be exciting and rewarding. However, this venture requires careful planning and clear agreements to ensure success. Effective partnership formation and management involve several key steps and considerations. Types of...
Guardianship is an important part of estate planning. It helps care for minors and partially or fully incapacitated adults (wards). Guardians must know their rights and duties to ensure they meet the ward's best interests. What is a guardianship? A guardianship is a...
Being an executor of a will is a big responsibility. In some situations, disputes may arise among the beneficiaries. Handling these disagreements can be challenging, but there are steps an executor can take to resolve them effectively. Communicate well Communication...
A beneficiary is someone who receives assets from a will, trust, insurance policy or retirement account. When creating an estate plan, people need to know the different options that they have for choosing beneficiaries. It is important to make thoughtful choices...
With the right business practices, running a company can be profitable. However, some Oklahoma entrepreneurs find they can reach greater economic heights by merging their enterprise with another company. Sometimes different business owners elect to consolidate their...